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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 46 $ 46
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 73 78
Deferred income taxes 10 (15)
Allowance for equity funds used during construction (2) (3)
Provision for bad debts 2 3
Changes in operating assets and liabilities:    
Accounts receivable 10 (4)
Accrued unbilled revenues 5 10
Inventories (1) 0
Other current assets (6) 0
Accounts payable 9 (3)
Net regulatory assets and liabilities (47) 5
Other current liabilities (2) (2)
Pension and other employee benefit obligations (5) (7)
Other, net 2 0
Net cash provided by operating activities 94 108
Investing activities    
Capital/construction expenditures (111) (121)
Net cash used in investing activities (111) (121)
Financing activities    
Proceeds from short-term borrowings, net (19) (65)
Borrowings under utility money pool arrangement 186 0
Repayments under utility money pool arrangement (153) 0
Proceeds from long-term debt 0 98
Capital contributions from parent 40 37
Dividends paid to parent (38) (32)
Other, net 1 0
Net cash provided by financing activities 17 38
Net change in cash, cash equivalents and restricted cash 0 25
Cash, cash equivalents and restricted cash at beginning of period 2 1
Cash, cash equivalents and restricted cash at end of period 2 26
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (19) (18)
Cash paid for income taxes, net (13) (13)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 19 18
Inventory transfers to property, plant and equipment 2 2
Allowance for equity funds used during construction $ 2 $ 3